Douglas Lane & Associates LLC Has $57.01 Million Holdings in Roper Technologies, Inc. (NYSE:ROP)

Douglas Lane & Associates LLC lifted its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 18.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 109,656 shares of the industrial products company's stock after purchasing an additional 17,466 shares during the quarter. Douglas Lane & Associates LLC owned about 0.10% of Roper Technologies worth $57,005,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Sterneck Capital Management LLC acquired a new stake in shares of Roper Technologies during the 4th quarter valued at approximately $226,000. Nordea Investment Management AB grew its holdings in Roper Technologies by 8.5% in the fourth quarter. Nordea Investment Management AB now owns 538,678 shares of the industrial products company's stock valued at $280,113,000 after purchasing an additional 42,016 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Roper Technologies by 59.8% in the fourth quarter. GAMMA Investing LLC now owns 1,072 shares of the industrial products company's stock valued at $557,000 after buying an additional 401 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of Roper Technologies by 40.7% during the 4th quarter. Versant Capital Management Inc now owns 114 shares of the industrial products company's stock worth $59,000 after buying an additional 33 shares during the last quarter. Finally, First Financial Bank Trust Division boosted its position in shares of Roper Technologies by 28.0% in the 4th quarter. First Financial Bank Trust Division now owns 10,722 shares of the industrial products company's stock worth $5,574,000 after buying an additional 2,343 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on ROP. Mizuho increased their price objective on Roper Technologies from $530.00 to $565.00 and gave the company a "neutral" rating in a research note on Thursday, October 17th. Robert W. Baird raised their price target on Roper Technologies from $635.00 to $652.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Truist Financial reaffirmed a "buy" rating and set a $665.00 price objective (up previously from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Barclays decreased their target price on shares of Roper Technologies from $569.00 to $562.00 and set an "underweight" rating on the stock in a research report on Wednesday. Finally, Royal Bank of Canada cut their price target on shares of Roper Technologies from $675.00 to $666.00 and set an "outperform" rating on the stock in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $623.33.

Roper Technologies Stock Up 0.6 %

NYSE ROP traded up $3.20 on Wednesday, reaching $510.30. The company had a trading volume of 960,713 shares, compared to its average volume of 710,263. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44. Roper Technologies, Inc. has a 1 year low of $504.30 and a 1 year high of $580.09. The firm has a 50-day moving average of $545.06 and a 200-day moving average of $548.56. The firm has a market capitalization of $54.72 billion, a PE ratio of 37.33, a P/E/G ratio of 2.84 and a beta of 1.04.

Roper Technologies (NYSE:ROP - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, beating analysts' consensus estimates of $4.53 by $0.09. The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.72 billion. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The business's revenue was up 11.7% on a year-over-year basis. During the same period last year, the business earned $4.32 EPS. On average, equities research analysts anticipate that Roper Technologies, Inc. will post 18.26 EPS for the current fiscal year.

Roper Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be issued a dividend of $0.825 per share. This is an increase from Roper Technologies's previous quarterly dividend of $0.75. The ex-dividend date is Friday, January 3rd. This represents a $3.30 annualized dividend and a dividend yield of 0.65%. Roper Technologies's payout ratio is 24.14%.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of the business's stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $550.00, for a total transaction of $550,000.00. Following the sale, the director now directly owns 32,955 shares in the company, valued at approximately $18,125,250. The trade was a 2.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.87% of the stock is owned by company insiders.

Roper Technologies Profile

Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. It operates through three segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment offers management, campus solutions, diagnostic and laboratory information management, enterprise software and information solutions, transportation management, financial and compliance management, and cloud-based financial analytics and performance management software; cloud-based software to the property and casualty insurance industry; and software, services, and technologies for foodservice operations.